France marks manufacturing sector growth

Employees work on the automobile assembly line of Renault Trafic vehicles at the Renault Sandouville car factory, near Le Havre, France, March 29, 2024. REUTERS/Sarah Meyssonnier/File Photo

PARIS: France’s manufacturing sector ended a 2½-year slump, offering some hope for the eurozone’s second-biggest economy as it grapples with a renewed bout of political turbulence.

S&P Global’s Manufacturing Purchasing Managers’ Index rose to 50.4 in August from 48.2 in July, bringing it above the 50 threshold separating growth from contraction for the first time since January 2023.